1. Price Trend
The maleic anhydride commodity index on May 15 was 61.23, a decrease of 50.49% from the highest point in the cycle of 123.67 (2017-12-26), and an increase of 19.64% from the lowest point of 51.18 on April 14, 2020. (Note: Period refers to 2011-09-01 to present)
2. Analysis of influencing factors
Products: The overall domestic maleic anhydride market price remained stable this week. This week, domestic maleic anhydride stocks were low.
Industry chain: International crude oil fluctuates and the downstream unsaturated resins just need to be purchased. According to the monitoring of the business community, this week’s pure benzene continued last week’s decline, and this week’s early last week continued last week’s positive, pure benzene negotiation atmosphere is better. In the second half of the week, the external disk was weakened by the negative domestic market and the domestic center of gravity weakened. The high-end price of pure benzene in Shandong fell. This Sunday (May 17), the price of pure benzene was 3100-3600 yuan / ton (average price 3310 yuan / ton) This is an increase of 1.22% from last week. The price of hydrobenzene has been loosened this week. As of Friday, the market price of hydrobenzene in Shandong is between 3200 and 3300 yuan / ton. Butane is relatively stable.
3. Future market forecast
Business analysts of maleic anhydride products believe that: at present, the inventory of maleic anhydride is low, mainly downstream purchases are needed, and the supply side is relatively supported. It is expected that the maleic anhydride market will remain stable in the short term.